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Globalization and productivity in the United States and Germany

Mann, Catherine L. - Federal Reserve Board (Board of Governors of the … - 1997

This paper investigates the impact of globalization on productivity growth and the procyclicality of productivity … in international demand affect productivity growth differently from changes in exposure to international competition. An … increase in foreign demand for U.S. exports raises trend productivity growth, but to a lesser degree than does a similar demand …

Persistent link: https://www.econbiz.de/10005712833

Macroeconomics of international price discrimination

Corsetti, Giancarlo; Dedola, Luca - Federal Reserve Board (Board of Governors of the … - 2002

This paper builds a baseline two-country model of real and monetary transmission under optimal international price discrimination. Distributing traded goods to consumers requires nontradables; because of distributive trade, the price elasticity of export demand depends on the exchange rate....

Persistent link: https://www.econbiz.de/10005368231

The structure and properties of the FRB multicountry model.Part I: Model description and simulation results

Edison, Hali J.; Marquez, Jaime R.; Tryon, Ralph W. - Federal Reserve Board (Board of Governors of the … - 1986

The FRB Multicountry Model (MCM) is a linked system of five quarterly national macroeconometric models of the United States, Canada, Germany, Japan, and the United Kingdom. The MCM emphasizes international linkages, and has equations for trade in goods and services, investment income flows, and...

Persistent link: https://www.econbiz.de/10005368358

International capital mobility: direct evidence from long-term currency swaps

Popper, Helen - Federal Reserve Board (Board of Governors of the … - 1990

This paper provides direct measures of the international mobility of long-term financial capital using interest arbitrage conditions previously applied only to short-term assets. Long-term arbitrage conditions are constructed using a now well-developed mechanism for hedging long-term currency...

Persistent link: https://www.econbiz.de/10005372606

An empirical analysis of policy coordination in the United States, Japan and Europe

Edison, Hali J.; Tryon, Ralph - Federal Reserve Board (Board of Governors of the … - 1986

Coordination of macroeconomic policy has been a major topic at recent summit meetings, and has been the subject of a number of theoretical studies. However, relatively little empirical research exists on policy coordination. This paper is an attempt to help fill this gap. The paper considers the...

Persistent link: https://www.econbiz.de/10005372624

Approaches to managing external equilibria: where we are, where we might be headed, and how we might get there

Truman, Edwin M. - Federal Reserve Board (Board of Governors of the … - 1989

This paper examines the issue of the U.S. external deficit in a global context. First, the paper considers certain aspects of the current economic situation that have contributed to the U.S. deficit and the progress that has been made to date in laying the basis for its narrowing. Second, the...

Persistent link: https://www.econbiz.de/10005372633